Flat6Labs backs 7 Jordan-based startups

MENA seed and early-stage venture capital firm Flat6Labs has announced seven new Jordan-based startups it has invested into.

One of the companies was QuiqClaim, a peer-to-peer settlement and investments platform aimed at the medical insurance industry.

Another company to receive funds was iPass, a one-stop shop for worldwide identity verification solutions, which leverages deep pixel biometric fraud detection tools.

The firm has provided each of the seven companies with $115,000. It will also give the companies a four-month acceleration program, which includes a selection of workshops and mentoring sessions designed to cover all aspects of business development.

It will also supply them with workspaces, marketing and legal support, and access to a regional network of partners and investors.

Flat6Labs Jordan general manager Rasha Manna said, “At Flat6Labs, we are immensely proud of what we have achieved since the commencement of our operations in Jordan. In the first cycle of the programme, we invested in five Jordanian startups.

“The success of that inaugural cycle has resulted in an increase in demand and visibility for our programme, allowing us to expand our investments in the second cycle. Ultimately, by connecting with and supporting local entrepreneurs, it is our objective to have a positive impact on Jordan’s economy and society as a whole— by creating new job opportunities and helping develop success stories that will further encourage local entrepreneurs to pursue their ideas.”

Flat6Labs targets companies in sectors, including information and communication technologies, software solutions, education, healthcare, digital content and games, hardware, electronics, manufacturing solutions, renewable energy, agricultural solutions, big data and analytics, FinTech and payment solutions, media, and entertainment.

Other companies in the cohort include mental health services and counselling Arab Therapy, ‘try before you buy’ software for e-commerce storefronts BloomIt, data-driven real estate marketplace Khareta, logistics service Shop4me, and mindfulness mobile app Sukoon Awakening.

Earlier in the year, the Capital Bank of Jordan launched Blink, the first ever digital-only neobank in Jordan.

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